China made two large corn purchases in the same week that US and Chinese officials were set to meet. Private exporters reported sales of 1.224 million mt of corn for delivery to China in the 2020/21 marketing year.
Arlan Suderman of StoneX says the demand is genuine and linked to dryness risk for Brazil's safrinha corn crop.
Continued Chinese buying of US corn tightens export supplies and supports prices. Expected dryness in Brazil's safrinha crop could also keep export competition limited.
과거 상승 무역 이벤트 729건 이후, 옥수수은 5거래일 동안 중앙값 +0.4% 변동(상승 56%; 중간 50% 범위 -1.1%~+1.8%), 20거래일 동안 +0.5%.
각 품목 벤치마크의 이벤트 직전 종가 대비 변동. 과거 수치는 같은 유형의 과거 이벤트를 합산한 것으로, 일어난 일을 설명할 뿐 앞으로 일어날 일이 아닙니다. 투자 자문이 아닙니다.
Two large Chinese corn purchases in one week, seen as genuine demand tied to Brazil safrinha dryness risk, were bullish for prices.